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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SBNY
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Big movements in Signature Bank stock price on Monday moving 26.81% between high and low
(Updated on Apr 29, 2024)

Buy or Hold candidate since Mar 08, 2024 Gain 90.78% PDF

The Signature Bank stock price fell by -1.19% on the last day (Monday, 29th Apr 2024) from $3.35 to $3.31. During the last trading day the stock fluctuated 26.81% from a day low at $2.76 to a day high of $3.50. The price has fallen in 5 of the last 10 days but is still up by 1.85% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -56 thousand shares and in total, 23 thousand shares were bought and sold for approximately $76.33 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 170.16% during the next 3 months and, with a 90% probability hold a price between $7.83 and $10.33 at the end of this 3-month period.

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SBNY Signals & Forecast

The Signature Bank stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.40. On a fall, the stock will find some support from the long-term average at approximately $2.74. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -7.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Signature Bank stock

Signature Bank finds support from accumulated volume at $3.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.740 between high and low, or 26.81%. For the last week the stock has had daily average volatility of 16.02%.

Our recommended stop-loss: $3.11 (-6.06%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (SBNY) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Signature Bank to open at $3.19, and during the day (based on 14 day Average True Range), to move between $2.73 and $3.89, which gives a possible trading interval of +/-$0.581 (+/-17.56%) up or down from last closing price. If Signature Bank takes out the full calculated possible swing range there will be an estimated 35.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.30 (0.30%) than the resistance at $3.40 (2.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Signature Bank stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Signature Bank stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.902 Buy Candidate Upgraded

Predicted Opening Price for Signature Bank of Tuesday, April 30, 2024

Fair opening price April 30, 2024 Current price
$3.19 ( 3.63%) $3.31

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SBNY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.93 18.73 %
R2 3.65 10.19 %
R1 3.47 4.91 %
Current price: 3.31
Support S1 2.91 -12.17 %
S2 2.73 -17.44 %
S3 2.45 -25.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.52 6.34 %
R2 3.45 4.23 %
R1 3.40 2.72 %
Current price 3.31
Support S1 3.30 -0.302%
S2 3.05 -7.85%
S3 2.55 -22.96%

SBNY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 17, 2023 Jan 26, 2023 Feb 10, 2023 $0.700 0.539%
2 Oct 18, 2022 Oct 27, 2022 Nov 10, 2022 $0.560 0.397%
3 Jul 19, 2022 Jul 28, 2022 Aug 12, 2022 $0.560 0.271%
4 Apr 19, 2022 Apr 28, 2022 May 13, 2022 $0.560 0.278%
5 Jan 18, 2022 Jan 27, 2022 Feb 11, 2022 $0.560 0.166%

FAQ

What is the symbol for Signature Bank Stock and on which exchange is it traded?
The symbol for Signature Bank is SBNY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Signature Bank Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Signature Bank stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Signature Bank Stock?
Signature Bank Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Signature Bank Stock.

What's the current price of Signature Bank Stock?
As of the end of day on the Apr 29, 2024, the price of an Signature Bank (SBNY) share was $3.31.

What is the 52-week high and low for Signature Bank Stock?
The 52-week high for Signature Bank Stock is $3.60 and the 52-week low is $0.0003.

What is the market capitalization of Signature Bank Stock?
As of the Apr 29, 2024, the market capitalization of Signature Bank is 208.444M.
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About Signature Bank

Signature Bank Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and inve... SBNY Profile

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